Strategic Treasurer: Treasury Fraud and Controls 2017 Report

Fraud is rising, crime still pays, and firms must act.

The results are in: eighty-six percent of surveyed treasury professionals said their company had experienced payment fraud attempts in the past two years¹. With threats on the rise, it’s critical for treasuries to stay on top of potential weaknesses and implement controls to mitigate risks.

The 2017 Global Treasury Fraud & Controls Report included over 300 organizations and identified various control practices, measured fraud levels, calibrated security activities, and captured the level of investment that organizations are making to become more secure.

Key insights from the report include:

- Fraud Experiences. A comprehensive view of the market's experience across a range of dimensions.

- Benchmarking Data. Extensive points of comparison on what your peers are doing (or not doing) with regard to controls, systems, and structures to protect their organizations.

- Implications. Analysis of the current fraud environment and some prescriptive advice on how to change the ROI for the criminals.